PROJECT

Projects

Summary of Proposed Investment

Project Number

21078

Company Name

AUREOS CAPITAL LIMITED

Date SPI Disclosed

Apr 8, 2003

Country

Africa Region

Industry

other

Projected Board Date

May 20, 2003

Status

Completed

Sector

Private Equity/Venture Cap Fund - Regional

Date Revised SPI Disclosed

Nov 11, 2009

Department

TMT, Venture Capital & Funds

Environmental Category

FI-2 - Limited

Project Description

The proposed project consists of three potential IFC investments in new small and medium sized enterprise (SME) regional funds in Africa, to be managed by Aureos Capital Ltd.:
- Aureos Southern Africa Fund – regional fund targeting South Africa, Mozambique, Zambia, Zimbabwe and the SADC region excluding Tanzania.
- Aureos East Africa Fund – regional fund targeting Kenya, Tanzania, and Uganda and the East African region in general.
- Aureos West Africa Fund – regional fund targeting Nigeria, Ghana, Senegal and the ECOWAS region.

The purpose of the project is financing SMEs that demonstrate potential for profitable growth in these three African regions and achieving capital appreciation through dividends and capital gains from these SME investments.

Sponsor / Cost / Location

Development Impact